Media stories about Progress Software (NASDAQ:PRGS) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Progress Software earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 45.9859588611821 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Progress Software (PRGS) Lowered to “Hold” at ValuEngine (americanbankingnews.com)
- Progress Software (PRGS) Cut to “Hold” at BidaskClub (americanbankingnews.com)
- The Division 2 Revealed, Updates Coming To The Original (msn.com)
- Waymo is launching their self-driving semi truck pilot test next week (techspot.com)
- Progress Software (PRGS) Downgraded by Benchmark to Sell (americanbankingnews.com)
Progress Software (PRGS) opened at $40.91 on Tuesday. The company has a market capitalization of $1,870.00, a price-to-earnings ratio of 53.13 and a beta of 0.75. Progress Software has a fifty-two week low of $27.46 and a fifty-two week high of $53.60. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.31.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.56 annualized dividend and a yield of 1.37%. Progress Software’s payout ratio is currently 72.73%.
A number of equities research analysts recently issued reports on PRGS shares. BidaskClub lowered Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Benchmark reissued a “buy” rating and set a $47.00 price target (up from $42.00) on shares of Progress Software in a research note on Tuesday, January 2nd. ValuEngine lowered Progress Software from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered Progress Software from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.33.
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About Progress Software
Progress Software Corporation is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The OpenEdge business segment provides the product enhancements and marketing support to its partner base.
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